WATERSTART (EIN 464420637) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2013

Legal Domicile

Principal Officer

REBECCA SHANAHAN

Phone

7028476630

Tax Period

2023-07-01 to 2024-06-30

WATERSTART, founded in 2013, is a community nonprofit in the Community Improvement sector that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 129% from the prior year, signaling strong growth momentum.

Mission

WATERSTART IS A NON-PROFIT ASSOCIATION OF PUBLIC & PRIVATE WATER MANAGERS DEDICATED TO THE COMMERCIALIZATION OF TECHNOLOGIES TO ADVANCE WATER TREATMENT, CONSERVATION AND SUSTAINABILITY. THROUGH COLLABORATION AND THE USE OF BEST PRACTICES, WE ENDEAVOR TO EXPLORE WATER ISSUES AS WE IMPROVE ECONOMIC DIVERSIFICATION AND EXPANSION, AND WORKFORCE DEVELOPMENT. WATERSTART SEEKS TO BE THE WORLD LEADER IN WATER TECHNOLOGY, CONCENTRATING ON CONSERVATION, RESOURCE PLANNING, PUMPING, TREATMENT, STORAGE, DISTRIBUTION AND REUSE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $748,617

Program Service Revenue $415,230

Investment Income $65

Other Revenue $0

TOTAL REVENUE $1,163,912

Expense Breakdown

Grants Paid $586,886

Salaries & Benefits $419,572

Fundraising Expenses $0

Other Expenses $230,202

TOTAL EXPENSES $1,240,660

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,163,912	$508,109	+1.3%
Expenses	$1,240,660	$753,070	+0.6%
Net Income	$-76,748	$-244,961	-0.7%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$294,357

Total Directors

$189,240

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NATHAN ALLEN	EXECUTIVE DIRECTOR (THRU 12/2023)	37.50	Officer Director	$142,121	$37,644	$189,240
DAVE JOHNSON	CHAIRMAN	0.25	Officer Director	$0	$0	$0
MICHAEL THOMAS	SECRETARY & TREASURER	0.25	Officer Director	$0	$0	$0
JOHN ZIMMERMAN	DIRECTOR	0.25	Director	$0	$0	$0
PATRICIA MULROY	DIRECTOR	0.25	Director	$0	$0	$0
RAMSAY HUNTLEY	DIRECTOR	0.25	Director	$0	$0	$0
LOUISE DUDLEY	DIRECTOR	0.25	Director	$0	$0	$0
DAVID LYNCH	DIRECTOR	0.25	Director	$0	$0	$0
JAMES DUNNING	DIRECTOR	0.25	Director	$0	$0	$0
SHAUNNA BERENDSEN	DIRECTOR	0.25	Director	$0	$0	$0
IAN OLSON	DIRECTOR (THRU 9/7/23)	0.00	Director	$0	$0	$0
REBECCA SHANAHAN	INTERIM EXECUTIVE DIRECTOR	35.00	Officer	$87,500	$5,117	$105,117

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	$1,163,912	$1,240,660	$301,835	$-76,748
2023	$508,109	$753,070	$378,583	$-244,961
2022	$368,063	$511,819	$623,544	$-143,756
2021	$554,421	$751,341	$802,864	$-196,920
2019	$1,048,763	$771,533	$332,063	$277,230
2018	$848,807	$827,293	$54,833	$21,514

WATERSTART